Progressive WI Network - May 2008
The State Senate took the lead today to end the loophole that lets Wal-Mart and other big corporations evade $15 million annually by exploiting the state tax law (and the taxpayers).
Under the tax evasion scheme, tells the Institute for Wisconsin's Future, Wal-Mart would have one part of its business pay another part of the biz for rent allowing it to "reduce" its Wisconsin profits and consequently, reduce the amount of money it's required to provide the taxpayers of Wisconsin.
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